New Issue: HSBC prices $1.12 million of its buffered digital notes linked to the Dow

By Devika Patel

Knoxville, Tenn., Sept. 30 – HSBC USA Inc. priced $1,117,000 of 0% buffered digital notes due Sept. 30, 2021 linked to the Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the greater of the return and the digital upside return of 23%.

Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Dow Jones Industrial Average
Amount:	$1,117,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to zero, par plus the greater of the return and the digital upside return of 23%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	18,228.30
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agents:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UUH7

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